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Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with positive bias and 5950-5900 would act as strong support for Nifty and traders can go long until Nifty holds 5900 levels for Nifty and exactly same happened. Market opened flat with positive bias exactly as per EquityPandit’s predictions. Market saw some down move but saw strong support near EquityPandit’s predicted support levels of 5900 for Nifty, from where market saw a strong short covering and ended positive for the day.
Today: Indian Stock Market to open flat with positive bias. Technically, analysis would remain same. Traders are suggested to trade long until Nifty holds 5900 levels. Nifty possess strong support at 5920-5900-5865 levels whereas resistance may be seen at 6000-6035-6070 levels for Nifty. Once the level of 6100 is breached on the positive side, market may see levels of 6250. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (19949) The support for the Sensex is at 19720-19600 and the resistance to the up move is at 20075-20150-20242 levels.
NSE Nifty: (5973) The support for the Nifty is at 5920-5900-5865 and the resistance to the up move is at 6000-6035-6070 levels.
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